The Nifty opened at 15067.20 with a big gap up of 144 points. The index traded very choppy, narrow and sideways. In this process the index first recorded its intraday low at 15043.70 and then its intraday high at 15137.25. Finally the index ended at 15108.10 with a gain of 184,95 points. The Auto, Banks and Financials have led the bulls and closed with gains. The FMCG and Pharma continued its underperformance and closed with minor losses. It was a choppy day where prices have moved sideways within a narrow range intraday and finally closed near its opening tick.
The index broke above its resistance of 15000 decisively and closed above it. Short term trend has changed to up.
We should look to buy today if we get a dip till 15000. But if markets do not fall we should look to buy above 15150 or above the high of the first 15 minutes. Keep a stop of 100 points and target of 240 points.
Bank Nifty opened at 33892.10 with a big gap up of 433 points. The index rallied further and recorded its intraday high at 34142.85. Prices then saw a sharp fall and recorded its intraday low at 33730.45. Private Banks have performed well and closed with a gain while PSU Banks have underperformed and closed with loss. Within the index, HDFC Bank contributed highest while SBIN the lowest.
Bank Nifty opened with a gap up and holds onto the gains. It was a narrow and choppy day where prices have moved within a narrow range. The index has broken well above 33500 resistance.
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|LT||1417.30||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1400 and for the target 1440|
|HINDZINC||345.50||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 339 and for the target 356|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATAMOTORS||335 CE||BUY||14.45||CMP||11||19||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.05 May||16196.1||1.71||902.94||13640||BHARTIARTL.21.05 May||538.6||-2.13||7.03||105453321|
|MINDTREE.21.05 May||2101.4||0.62||14.92||1759600||GODREJCP.21.05 May||820.1||-2.72||4.53||5126000|
|ASHOKLEY.21.05 May||123.6||6.51||12.36||34573500||ALKEM.21.05 May||2964.9||-0.99||3.24||414800|
|MPHASIS.21.05 May||1773.75||0.53||11.92||338650||INDUSTOWER.21.05 May||244||-0.2||0.71||10696000|
|IOC.21.05 May||106.1||3.51||10.18||76836500||GAIL.21.05 May||153.65||-0.13||0.7||33196200|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|ESCORTS.21.05 May||1183||3.59||-15.78||2801150||CANBK.21.05 May||146.85||-4.39||-10.07||49453200|
|CONCOR.21.05 May||610.1||7.03||-13.65||5697135||SBIN.21.05 May||383.35||-0.44||-4.15||100404000|
|RBLBANK.21.05 May||199.55||0.78||-13.31||20671200||BRITANNIA.21.05 May||3486.95||-0.26||-3.8||1549800|
|LT.21.05 May||1422.6||2.42||-8.77||13926500||BANKBARODA.21.05 May||76.95||-0.84||-3.65||127260900|
|NAM-INDIA.21.05 May||350.6||0.69||-8.4||977600||SIEMENS.21.05 May||2044.1||-1.29||-3.18||979825|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Pvr Limited||1194.45||3.23||2227408||771129||67.1||Nifty Auto||10324||3.22||78166018|
|Hdfc Ltd.||2502.85||0.66||2844233||2836497||63.7||Nifty Energy||19201.55||1.88||2014155|
|Maruti Suzuki India Ltd||6811.1||1.39||805827||630130||63.28||Nifty Media||1622.65||1.68||493888283|
|Kotak Mahindra Bank Limi||1755.1||0.63||4658414||2603887||61.83||Nifty Metal||5294.4||1.66||151094190|
|Tech Mahindra Limited||970.75||1.83||2000985||1402708||61.49||Nifty Bank||33922.4||1.38||23640028|
|Tata Consultancy Serv Lt||3088.8||0.62||2098538||1759849||60.88||Nifty 50||15108.1||1.24||53164352|
|Icici Lombard General In||1487.05||0.78||442991||294243||58.13||Nifty it||25958.25||0.99||1359293|
|Hcl Technologies Ltd.||931.6||1.02||5913426||4544019||57.11||Nifty Realty||307.2||0.84||2147483500|
|Infosys Limited||1340||0.8||5620150||2842931||56.66||Nifty Pharma||13832.4||-0.19||57779541|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth YoY MAY on 21st May, 2021
INR: Bank Loan Growth YoY MAY on 21st May, 2021
|•USD: FOMC Meeting Minutes on 19th May, 2021
•USD : Crude Oil Inventories on 19th May, 2021
|•Indian equities are likely to outperform their emerging market (EM) peers in 2021, says the latest report by Morgan Stanley and bets on domestic cyclical stocks followed by rate sensitives. The research and broking house, however, has kept its December 2021 target for the S&P BSE Sensex unchanged at 55,000 levels (base case; 50 per cent probability) for now – an upside of around 10 per cent from the current levels.
•Realty firm Macrotech Developers is expecting a 50 per cent jump in sales bookings this fiscal year to over Rs 9,000 crore as it remains bullish on demand for housing and warehousing properties despite the Covid-19 pandemic. In an interview with PTI, the company’s Managing Director (MD) and Chief Executive Officer (CEO) Abhishek Lodha said the company’s sales bookings stood at Rs 5,968 crore during 2020-21 fiscal as against Rs 6,570 crore in the previous year as almost six months were impacted in 2020.
•Canara Bank on Tuesday reported a standalone profit of Rs 1,010.87 crore for the fourth quarter ended March 2021 as provision for bad loans declined. The bank had posted a net loss of Rs 3,259.33 crore during the corresponding January-March 2020 quarter. Total income on a standalone basis during January-March rose to Rs 21,522.60 crore as against Rs 14,222.39 crore in the year-ago period, Canara Bank said in a regulatory filing.
•Sharp increase in Covid-19 vaccination led pharma demand as well as an expected healthy growth in end-user sectors like automobiles and construction is expected to drive revenue growth of glass makers, said Crisil. As per an analysis of 25 Crisil-rated glass-makers, revenues are expected to be driven up by 12 per cent on-year in fiscal 2022.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ANGEL||Audited Results||19-May-21||RANEENGINE||Audited Results||19-May-21|
|ENDURANCE||Audited Results;Final Dividend||19-May-21||REDEXPR||Audited Results;Quarterly Results||19-May-21|
|GRAVITA||Audited Results||19-May-21||RSSOFTWARE||Audited Results;Quarterly Results||19-May-21|
|HERITGFOOD||A.G.M.;Audited Results;Final Dividend||19-May-21||SINTEXPLAST||General||19-May-21|
|IBULHSGFIN||Interim Dividend;General;Results||19-May-21||SMLISUZU||Audited Results||19-May-21|
|INDORAMA||Audited Results||19-May-21||SRAMSET||Audited Results||19-May-21|
|IOC||Audited Results;Final Dividend||19-May-21||TANLA||ESOP;Results;Final Dividend||19-May-21|
|IRFC||General||19-May-21||TCIEXP||Audited Results;Final Dividend||19-May-21|
|JKTYRE||Dividend;Audited Results||19-May-21||TDPOWERSYS||Audited Results;Final Dividend||19-May-21|
|KAYA||Audited Results||19-May-21||VISHNU||Dividend;Audited Results||19-May-21|
|PRSMJOHNSN||Audited Results||19-May-21||ZUARI||Audited Results||19-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GCCLINP||19-May-21||E.G.M.||MINDSPACE||20-May-21||Income Distribution RITES|
|IRBINVIT||19-May-21||Income Distribution (InvIT)||VIKASLIFE||20-May-21||Right Issue of Equity Shares|
|POWERINDIA||19-May-21||Dividend – Rs. – 2.0000||EMERALL||24-May-21||Stock Split From Rs.10/- to Rs.5/-|
|GREENCREST||20-May-21||Consolidation of Shares||KENNAMET||24-May-21||Interim Dividend – Rs. – 20.0000|
|IRCON||20-May-21||Bonus issue 1:1||WELSPUNIND||24-May-21||Dividend – Rs. – 0.1500|
|JOSTS||20-May-21||Stock Split From Rs.10/- to Rs.5/-||WELSPUNIND||24-May-21||Buy Back of Shares|
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